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Ballot Issues
Initiative 1033
With 315,444 signatures
submitted and an “unusually low invalidation rate,” according to the Secretary
of State’s office, Initiative-1033 supporters delivered the minimum required 241,153 valid
signatures of registered voters.
The measure seeks to limit
growth in state, county and city revenues to annual growth in inflation and
population. The limit would not affect voter-approved revenue increases. Other
revenue received above the limit would go to reduce property tax levies,
according to the state Attorney General.
The official 13-page text of I-1033 is here.
"However I-1033 plays out over time, the immediate effect will be to hold revenue growth below current projections for the state’s major governments during the anticipated economic recovery, while providing uneven property tax relief beginning in three years."
"The question for voters this November is whether the policy goal of annual property tax rebates outweighs the impact of restricting how much state and local officials can collect from citizens under existing tax rates without the need to seek explicit voter approval."
TVW tapes the Seattle Times Editorial Board interview of both sides of I-1033. Watch it here:
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